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Month: April 2020

Don’t you know Bitcoin is not anonymous enough to buy online? Want to make anonymous Bitcoin purchases? This article is absolutely made for you.

This is the guide to make anonymous Bitcoin purchases.

Reasons to make anonymous Bitcoin purchases

Bitcoin is transparent, not anonymous

Although many think Bitcoin is for money laundering and payments on the dark market, Bitcoin is exactly transparent.

You don’t believe that? Let’s take a deep dive into the Bitcoin blockchain structure.

Bitcoin, by design, is totally public. Every Bitcoin transaction you made is entirely stored on a public ledger that everyone can access. That means anyone who knows your address can check your balance, see how much Bitcoin you are holding, and all the transactions related to it.

This transparency nature is not bad at all; however, it’s not ideal for your privacy. Even though you don’t place your real name pinned to the Bitcoin address, there are many methods to backtrack your identity.

Once the prying eyes figure out who you are, your funds and your real-world life are at risk. Nowadays, bank accounts linked directly to your identity, open an opportunity for hackers to target your assets.

You shouldn’t take risks like that. That’s why you need to find ways to make anonymous Bitcoin purchases.

What is an anonymous Bitcoin purchase?

An anonymous Bitcoin purchase is a purchase that your address and transaction are obscured, meaning that no one can backtrack your actual wallet. As a result, your privacy is totally protected and it’s nearly impossible to figure out it’s you owning that wallet.

The anonymous Bitcoin purchase is a higher level of the common Bitcoin purchasing. It just hides your transaction from the prying eyes on the chaotic Internet without any further impact.

Ways to make anonymous Bitcoin purchases vary from breaking the link between addresses to mixing coins with others to obscure the origin. In the next section, we will discuss the pros and cons of many popular methods.

Best ways to make anonymous Bitcoin purchase

Looking for a super-easy and convenient way to send and receive Bitcoin privately? The Incognito Wallet is absolutely made for you!

The Incognito Wallet is the most convenient way to send and buy crypto anonymously.

Based on Incognito Chain, the project aims to be sidechains for public blockchains, the Incognito Wallet is a privacy-preserving crypto wallet application.

As a user, once you turn on the “Incognito Mode”, the wallet will switch your favorite coins into the privacy versions. For example, say you have 1 BTC stored in the Incognito Wallet; you can easily switch to 1 private Bitcoin (pBTC) with one tap. Then you can send or trade pBTC effortlessly through the pDEX (private-oriented decentralized exchange) of Incognito Wallet. The receiver is able to turn this pBTC into its origin just with another tab.

In short, the Incognito Wallet gives you the ability to make anonymous Bitcoin purchases without understanding any underlying techniques. This wallet is the best suit for those who want to send crypto privately without anyone knowing. It’s a user-friendly wallet app with practical functions that can provide beginners with all the needs.

Besides, you can download the Incognito Wallet for both iOS and Android without any in-app cost. This wallet is absolutely made for those who worry about privacy.

Unfortunately, this kind of wallet is not pretty much popular. Many get used to their old wallets and are not willing to switch to the Incognito Wallet. However, once you give it a try, it’ll never fail you!

A peer-to-peer (P2P) marketplace is where you can find many sellers and buyers from all around the world. Clearly, this is a market that matches your needs to one another.

There are many P2P crypto exchanges but LocalBitcoins.com is the most popular. Established in 2012, LocalBitcoins has its own fans and reputations.

Especially, the exchange has a ranking system, enabling users to express their feelings and experience with that buyer/seller. You can easily find your partner with a high rank to make sure he’s not a scammer.

One benefit of P2P exchanges is the variety of payment methods. They accept wire transfer, PayPal, credit card, and cryptocurrencies. No matter where you are living or which payment you have, you can always find a suitable partner.

Nonetheless, the price varies from one to another. Many sellers, many prices. And you need to pay some extra fees for the platform as well.

Therefore, a peer-to-peer exchange is the best suit for those who cannot find a reputable seller in their area. You can make anonymous Bitcoin purchases online without disclosing your identity.

Cash is always an anonymous payment method since human existence. So you want to make anonymous Bitcoin purchases, just make a cash payment.

And the best way to buy and sell Bitcoin with cash is a Bitcoin ATM. All you need to do is to find a Bitcoin ATM near your area. You can use an online map to locate one. Then, you pay cash for the ATM machine in return for Bitcoin.

There’s also a two-way Bitcoin ATM that accepts Bitcoin for cash. Shortly, these machines are a convenient way to buy and sell your coins without using any exchanges.

However, there are many cons to this way.

Firstly, the fees are pretty high. It always accounts for 3-5% of your total payment. If you want to buy and sell frequently, using Bitcoin ATMs is not a suitable way.

Secondly, because of regulations, many ATM providers require the KYC document. It’s hard to make anonymous Bitcoin purchases with Bitcoin ATMs these days. Of course, there are no-KYC required machines, but it’s less popular than the others.

Anonymous Bitcoin purchase #4: Face-to-face purchasing

The numbers of those who are willing to make a crypto deal will surprise you. In the crypto community, there are sellers and buyers who want to exchange their coins without using a third-party platform.

Find a partner near your living area and arrange a face-to-face appointment.

In this way, you must find a reputable partner first. Join the local community on Telegram, Facebook, or any social network and you will find him. Once you guys agree on the price and related details, then arrange a face-to-face appointment. Cash payment is preferred in this case.

With a face-to-face deal, it’s just two of you know the transactions and personal information. As a result, no one can know that the related address belongs to you. And if you use a totally new address, your partner also hardly traces you after that.

But the disadvantage is that you probably meet a scammer. With this in mind, before agreeing on any face-to-face meeting, make sure your partner is trustworthy and has some reputation in the community. And you also need some self-protection methods to preserve your funds and your physical health.

Tips to make anonymous Bitcoin purchases

#1. Improve your Bitcoin privacy

As previously explained, Bitcoin is never an anonymous asset. To optimize privacy for your Bitcoin, you should always use a new address whenever making a transaction. In this way, and combined with the aforementioned methods, you can make anonymous Bitcoin purchases effortlessly.

#2. Improve your Internet privacy

Don’t you know your IP and browsing history is traceable?

To avoid this, you should better use private browsers such as Tor or Brave to protect yourself. It’s not only for your personal browsing history but also for your financial information.

Anonymity for good purposes.

#3. Improve your own privacy

It’s useless trying to make anonymous Bitcoin purchases when you public yourself. In this case, the hacker can target your address effortlessly as it’s shown off on the social network. Therefore, always keep in mind that you should never public your address on the Internet without a very good reason.

Conclusion on “Anonymous Bitcoin purchase”

The whole article is discussing anonymity with a good purpose. We want to make anonymous Bitcoin purchases to protect our funds, personal data, and privacy.

We do not promote anonymity for any bad purpose. As a part of the world-class crypto community, you and I have the responsibility to build a civilized, safe, and private-oriented crypto-verse. I hope you can find useful tips to optimize your privacy in this article.

To Bitcoin users, security is one of the top concerns when it comes to storing coins. This article will introduce to you the safest bitcoin wallet for each different use cases.

Let’s find out the safest bitcoin wallet to secure your asset!

Reasons why you might need the safest bitcoin wallet

As the Bitcoin owners, you obviously never want your coins to get lost or stolen. However, that’s not the only reason causing safe bitcoin wallet to be essential.

When owning cryptocurrencies, you might face other risks of being scammed or hacked. Therefore, you need to store your assets in high-security storages with advanced features that prevent external attacks. In addition, secure crypto wallets help you manage your funds better when trading or making daily transactions.

Types of bitcoin wallets

Bitcoin wallets can be separated into two main types: hot and cold wallets.

Hot wallets are applications that could be installed on your mobiles or computers. These wallets come with great convenience and advanced features, yet don’t earn much credit for security level. They are the most popular choice for Bitcoin’s safekeeping as users can access them easily and without any cost.

Cold wallets are offline storages that keep your assets away from the Internet, thus, there is a lower chance for hacker attacks. However, these wallets often cost a certain price and don’t allow sending transactions, unless you connect them to the Internet or import private keys into online services.

Ledger Nano X is the first hardware wallet to have Bluetooth connectivity, which makes it easier to pair with any Android and iOS device. The encrypted dual chips create a secure environment inside the wallet, protecting your funds from the malware of the devices you connect to. Therefore, users won’t need to worry about the security risk of Bluetooth connection.

With a 24-word recovery phrase, users can create a PIN code and restore the funds on another device if the wallet is lost or stolen. Awesome, isn’t it? There is just a slight downside about this wallet: the lack of passphrase support. Overall, Ledger Nano X is still the safest bitcoin wallet in the form of a hardware device.

Safest bitcoin wallet for trading – Coinbase

Another reputable name in the list of safest bitcoin wallets is Coinbase. This is one of the easiest ways to buy, sell and store cryptocurrencies as Coinbase is integrated into its market. Furthermore, if you live in the US, you can even connect your bank account to the wallet to purchase bitcoins.

Coinbase offers 100% guarantee for your crypto assets since it allows you to set up 2-step verifications and store your coins in “vaults” for an additional security layer. Another advantage of Coinbase is that it’s super user-friendly, especially to beginners. The user experience within the exchange and wallet is simplified to ensure anyone could understand how to operate it and avoid making mistakes that result in loss of fund.

However, at the moment, Coinbase has yet to support many cryptocurrencies. It now only accepts Bitcoin, Ethereum, Bitcoin Cash and Litecoin, which might be a problem for some users.

Safest bitcoin wallet for anonymous transactions – Incognito Wallet

If you look to send and buy crypto anonymously, Incognito Wallet is one of the top picks. With an “Incognito” mode, this wallet allows you to keep your funds and transactions completely private. Therefore, no one can view the account balance and try to steal your assets.

Incognito is a privacy-oriented wallet that takes your security a step further

Incognito is a sidechain for privacy coins, which connects with Bitcoin blockchain via a trustless portal. To optimise users’ privacy and security, Incognito uses trustless custodians and smart contracts to issue privacy tokens of different cryptocurrencies, including Bitcoin, at a rate of 1:1. After obtaining these coins, users can send or store them with anonymity. The privacy coins can also be switched back to normal with no involvement of a third party.

Incognito Wallet supports a wide range of cryptocurrencies and allows you to send bitcoins As a result, Incognito is considered the safest Bitcoin wallet for privacy-conscious users.

Incognito is now available to download on Android and iOS.

Safest bitcoin wallet for desktop use – Electrum

Electrum is one of the most well-known software wallets that focuses solely on Bitcoin. When using Electrum, your coins will be stored in a set of encrypted files on your laptop or PC and kept offline, which means that you cannot make any transactions but your fund would benefit from a greater level of security.

Electrum is compatible with Windows, MacOS and Linux. It also has various features that optimise security such as the recovery process, two-factor authentication or multisig functionality, a feature requiring multiple signatures before validating transactions.

Moreover, this wallet can be integrated with hardware devices, allowing users to monitor their balance on the hardware wallets and accept transactions via QR codes. As an open-source project, Electrum has numerous developers contribute to and assess the security of the wallet.

Tips to keep your wallet more secure

Keep your wallet secure all the time with these helpful tips

You have learnt that security is very important with Bitcoin users. So here are some tips to improve the safety of your Bitcoin wallets:

Use a secure Internet connection: Public networks may expose users to security issues. If you store your assets on a desktop wallet, try to use your personal hotspot to protect your funds from hacker attacks.

Have a separate wallet for regular transactions: If you use bitcoin for daily purchase, the best practice is to keep a separate wallet with enough amount in it. The rest of your assets should stay safe and sound in a highly secure place like a cold wallet.

Do not access unknown or suspicious links: Beware when using web-based wallets as you may encounter clone websites that look identical to the authentic one. Also, look out for Bitcoin scam emails. If you’re not sure about a link, just don’t click on it.

Double-check the Bitcoin address: When making transactions, ensure you send them to the right address. There are malware programs that can intervene in your activity and change the receiving address when you copy and paste.

Final words on “Safest bitcoin wallet”

Eventually, you are the one who knows most about your needs and wants when it comes to storing bitcoins. Thus, all these reviews and tips are just for reference. After reading this article, consider carefully what method works best for you and how you can use it to maximize the security of your asset.

As you start considering “What a privacy coin is”, you have definitely entered the privacy-part of the crypto-verse. This article has the answer for you.

This article has the answer to ‘What is a privacy coin”.

What is a privacy coin: The Definition

A privacy coin is the privacy and anonymity-oriented cryptocurrency. This kind of coin aims to shield the sender’s address and also the amount involved.

In short, once you use a privacy coin, no one can track your transaction and also the details associated with it. As a result, your identity is protected and cannot be back-traced.

Many privacy coins also hide the balance of your address, meaning it’s just you who are capable to know how much you are holding.

What is a privacy coin: Reason why we need privacy

Bitcoin’s transparency

Bitcoin utilizes cryptography to cover identities and has a transparent public ledger. That means everyone can check the balance of a single address and know all the details involved, including transaction history and how much is holding.

Moreover, if you send Jack a Bitcoin which was received from Mike, everyone knows it too. This Bitcoin can be traced back to its origin and there’s nothing hidden.

Even if your identity is covered by a nickname, there are many tools used to figure out who you are. This nature of Bitcoin makes it one of the most transparent assets in the world and also, the most publicity.

Privacy coins for the privacy world

Do we really want everyone to see what we have and who we send to?

Absolutely not!

We, as individuals, do not want it, neither the businessman. Businesses have their own secrets and clients and suppliers they want to hide.

If everything is public, we no longer have privacy and personal data. That’s why privacy coins have surfaced.

What is a privacy coin: Best privacy coins

#1. Monero (XMR)

Rewind April 2014, Monero (XMR) is a fork of Bytecoin with the purpose to be a secure private untraceable cryptocurrency.

Back to these days, Monero has become one of the most recognized privacy coins in the crypto community.

It protects user privacy by using the CryptoNight Proof-of-Work protocol, which utilizes Ring Signatures, Ring Confidential Transactions, and Stealth Addresses to obscure the transactions.

In addition, Monero also has a splitting mechanism that divides a transaction into many smaller amounts and sends them disorderly. This helps to mix transactions that are sent at the same time; so that no one can figure out the actual origin.

#2. Dash (DASH)

As a fork of Bitcoin, Dash shares the peer-to-peer nature of Bitcoin blockchain. It is an open-source cryptocurrency that wants to provide instant and private transactions for users.

With Dash coin, privacy is optional, not obligatory. This means the addresses and transactions are public as was common. But you’ve got a choice to choose privacy protection.

When enabling “privacy mode”, Dash master nodes mix your coins with others and are sent at the same time on the network. As a consequence, it’s impossible to trace the input and output of every transaction.

Clearly, Dash helps to obscure your address and transaction, supplying you with all the privacy you would like.

#3. ZCash (ZEC)

Much like Dash, ZCash has a semi-transparency mechanism. On one side, ZCash has a public ledger that stores all the public wallet addresses. On the other side, the ZCash technique obscures the transactions with a “shielded” address.

This nature allows users to display a part of data to verify payments while masking all the important data including the two parties’ addresses.

Unfortunately, ZCash users must expose their identities when trading on KYC-required exchanges. If not, the coin will be delisted because of regulations and KYC/AML policy.

Monero, Dash, ZCash are the most recognized privacy coins.

#4. Other top picks

Clearly, there are not just 3 privacy coins projected existing on the market. The best privacy coins list continues with many names including but not limited to Verge (VGX), Beam Coin (BEAM), Grin (GRIN) and PIVX.

What is a privacy coin: Privacy coins and criminal

As to the nature of anonymity, privacy coins are surely a useful payment method on the dark web.

Many still believe that Bitcoin is used for money laundering and prohibited goods trading. In fact, the privacy coins are.

Monero and Dash are favored by hackers and the underworld and that’s why the governments don’t prefer privacy coins. Many regulated exchanges have delisted XMR and DASH (and also other privacy coins) because of AML policy.

The crypto community soon figured out that privacy coins are not the most optimized solution for the privacy issue. And then, the anonymous and privacy crypto wallet is born.

What is a privacy coin: A better version of privacy coin – The Incognito Wallet

Though the privacy coins offer a relatively high level of anonymity, regulations of the watchdog prevent people from using them. That’s when the Incognito Wallet, a privacy-oriented crypto wallet, has surfaced.

Based on the idea of the incognito mode, the Incognito Wallet creates the sidechain for other blockchains. Once using this wallet, you have the choice to switch your coins into its privacy version.

The Incognito Wallet turns your coins into its privacy version.

For example, your Bitcoin can be turned into private Bitcoin (pBTC) at the exactly 1:1 rate. Then you can exchange it without anyone knowing. Finally, just with another tab, you can switch it back to the origin effortlessly.

Although privacy preservation is its outstanding feature, the Incognito Wallet has many other awesome functions.

Privacy tokens issuing: you can create your own privacy tokens for your business with the Incognito Wallet.

A pDEX: a decentralized exchange where you can trade crypto with total privacy.

A DApp store: where you can find interesting privacy-oriented applications.

Staking function: helps you earn more tokens.

And last but not least, the Incognito Wallet is entirely cost-free. You can download it for iOS and Android to explore more practical functions.

What is a privacy coin: The Conclusion

The world is focusing more and more on privacy issues in 2020 and beyond. That’s why the potential of privacy coins cannot be denied.

Despite controversial thoughts regarding privacy coins, the demand is still increasing. However, a privacy coin project must have more achievements and technology innovations to gain more users among others. Especially when there are advanced privacy crypto wallets like the Incognito Wallet, the race is increasingly fierce.

A hardware wallet is the most secure way to store your crypto assets. In this article, you’ll discover the best hardware wallets on the market and how they work.

You can learn more about the best hardware wallets in this article

What are hardware wallets?

Hardware wallet is a physical plug-in device that can keep your digital assets completely safe in an offline environment and without the interference of the third parties. The idea behind the hardware wallet is to isolate your private keys from the Internet where contains a lot of potential risks of being hacked. The hardware wallets require a PIN code to access to your private keys. It means that this type of storage can provide you with an additional layer of security for your assets.

The biggest concern of investors is the risk of device broken and the data inside may be lost forever. However, most of the best hardware wallets nowadays use the feature of a passphrase which is 24-word seed generated at the beginning of the setting and allow users to retrieve all the data. Therefore, even in the case that the physical device is no longer usable, your fund is still safe and able to access through another wallet.

With all of those features, hardware wallet is undeniably the most secure storage method, in comparison to the other types of wallets.

So let’s find out more about the list of best hardware wallets that can help you keep your cryptocurrency safe.

Best hardware wallets: Top picks

#1: Ledger Nano X

One of the names that you may hear the most frequently is Ledger Nano X. This wallet supports a wide range of coins, up to over 1150 cryptocurrencies.

Ledger Nano X is one of the best hardware wallets in the market with special features that appear for the first time

Ledger Nano X is one of the very first hardware wallets in the market uses Bluetooth Low Energy which allows users to connect with iOS and Android devices without physical cable. Besides that, the security system of Ledger Nano X is built based on Secure Elements that require your consent before transactions are made and money is sent out. This feature reduces the risk of being hacked through Bluetooth as well as guaranteeing the highest level of security for your assets, alongside other functions, such as 8-digit PIN code, multi-signature and passphrase support.

Additionally, Ledger’s products are always highly appreciated for the aesthetics, and Nano X is not an exception. This wallet is more stylish and compact with a bigger screen, metallic cover, and black case inside. Overall, Ledger Nano X is considered one of the best hardware wallets when meeting the high standards for both features and appearance.

#2: Trezor T

Feature-rich and big touchscreen make Trezor T different in the list of best hardware wallets

One of the strongest competitors of Ledger Nano X is Trezor T. Similar to Ledger Nano X, Trezor T can support over 1000 crypto assets in total. Even though Trezor T has a big touchscreen, it is reported to be pretty small compared to users’ fingers which may cause difficulties in manipulating. The pro of the touchscreen is that users do not necessarily interact with the computer for some actions related to PIN code or recovery passphrase.

In addition, the keypad in Trezor T is mixed every time of use, therefore, it is hard for hackers in the attempt to follow and steal your password. That’s why Trezor T is a reputable name among best hardware wallets.

One more cool feature of Trezor T is the support of the 3rd party wallet. Specifically, Exodus, one of the most popular desktop wallets, offers exclusive support for Trezor wallet. All you need to do is to connect Trezor T with Exodus, then, you can access to your wallet through the Exodus’s interface and use all of the functions that this desktop wallet provides.

#3: Keepkey

Keepkey is another name among top 3 best hardware wallets, along with Ledger and Trezor, however, supporting only 40 different cryptocurrencies. This wallet has all basic security features, such as PIN code, 18 to 24 recovery seed, and randomized keypad.

One of the unique things of Keepkey is the largest display screen. It creates convenience for users by allowing them to see entire addresses or even recovery phrase in one interface without scrolling back and forth.

ShapeShift is the unique selling point of Keepkey, making it one of the best hardware wallets

The integration of ShapeShift makes Keepkey more worthy to buy. This function allows cryptocurrency exchange to happen right inside the wallet, therefore, trading becomes easier and more convenient for users. Another Keepkey’s advantage over Ledger Nano X and Trezor T is a more affordable price when sold at only US$ 79, instead of US$ 119 and US$ 170 respectively for two above competitors

#4: CoolWallet S

The next name in the list of best hardware wallets is CoolWallet S. CoolWallet S is advertised as “the world’s first mobile hardware wallet”. It is because this wallet can be easily accessed on iOS and Android smartphones through encrypted Bluetooth connection and mobile app. Users can pair the wallet with up to three mobile devices and also easily removed unnecessary ones in the setting. Additionally, the wallet also allows users to swap cryptocurrency instantly which creates huge convenience for traders.

In terms of security, CoolWallet S offers an extra layer of protection via 2-factor authentication. Furthermore, it requires 3-step verification for every single transaction before they can go through and similar to Ledger Nano X, the Secure Elements feature is also applied in this wallet. Generally, CoolWallet S is one of the best hardware wallets to protect your digital assets.

#5: Cobo Vault

Cobo Vault is another mobile storage on the list of best hardware wallets. It is designed to interact with other devices through a mobile app and QR code, instead of any common connection methods such as USB port, Wifi, NFC or Bluetooth.

Therefore, its operation mechanism is also different from others. Users can create unsigned transactions in the mobile app which are represented under the form of QR codes. These transactions are sent to and verify in the hardware wallet by using its camera to scan the codes and touchscreen to sign. The signed transactions are transferred back to the mobile app also via QR code scanning and broadcasted in the network. This trading method may be complicated and take time but also considerably more secure.

Additionally, unlike other wallets that use a paper for users to write down recovery seed, Cobo Vault contains Cobo Tablet which is a metallic frame to store the words inside. It is a more durable way to keep them safe from external impacts such as fire or flood.

Optimize the use of best hardware wallets with Incognito

Selecting a secure storage method is essential before entering the crypto world. However, to keep your assets completely out of risk, choosing a safe method for using crypto (store, send and buy crypto anonymously) is equally important. One of the best ways that ensure the high level of safety is using cryptocurrency anonymously with Incognito Wallet. It means that you can store, send and buy crypto in total anonymity with Incognito Wallet.

Incognito Wallet is well-known in the market as a privacy wallet but can also play a role as a decentralized exchange that allows users to buy and sell supported cryptocurrencies in anonymity. By using Zero-knowledge Proof technique, Incognito Wallet can verify the transaction between two parties without revealing any personal information. Therefore, investors can execute sensitive transactions in a more private and secure way and have full control over their confidential data.

Incognito optimizes the use of best hardware wallets, making them not only secure but also private

Specifically, after connecting a hardware wallet to a mobile device and turning on the “Incognito Mode” in the Incognito Wallet, user’s cryptocurrencies are transferred into an independent portal in order to connect with the public blockchain. The platform will then convert the virtual money to the privacy version which is ready to be traded anonymously. The privacy mode in Incognito Wallet will help to obscure your addresses, account balance, and all transactions will be untraceable.

Looking for a convenience and high-security wallet for your crypto assets? This article will introduce to you the best software wallets that are suitable for regular use.

This article will suggest you best software wallets in the market

Similar to fiat currencies, cryptocurrencies need to be stored in a wallet, but with different forms and features. We can divide cryptocurrency wallets into three main types, which are paper wallet, hardware wallet, and software wallet. While best hardware wallets offer excellent security features, software wallets support everyday transactions. This article will focus on the best software wallets in the crypto world and how they operate.

What is a software wallet?

In fact, cryptocurrency is an intangible asset that cannot be contained inside the wallet. Therefore, the use of wallets in the digital world is not to store the actual amount of cryptocurrencies. Instead, it helps coin holders secure their address, public and private keys; as well as interacting with a blockchain to trade cryptocurrencies. In short, a crypto wallet is an essential tool that can hold the user’s confidential personal information needed for all types of transactions using cryptocurrency in the digital world.

Unlike hardware and paper wallets which are the physical forms of storage, software wallets are the programs or apps that can operate in your electronic devices, like PC, laptops or smartphones. Basically, those software wallets can keep digital assets in both online and offline environments that can be quickly accessed and traded but are also vulnerable and potentially attacked by outsiders.

Software wallets in the market are diversified in design, features, and convenience in use. Based on users’ preferences of internet connectivity, mobility, and devices that they want to use, software wallets are classified into desktop and mobile formats.

Now, let’s take a closer look at each category and check out the top 5 best software wallets among the software wallet segment.

Desktop wallet

Desktop wallet is a program that is installed directly to the computer’s hard drive to store private keys for digital assets. The main advantage of this type is providing users with full control over their virtual money because it can only be accessed from the device where the wallet is installed. However, many investors believe that the risk associated with broken hard drive or virus attacks may outweigh the benefits that this type of wallet offers. Apart from these, the inconvenience is also a big concern for some crypto holders.

So what are the best software wallets for desktop?

#1: Exodus

Exodus is a well-known name among the desktop wallet market. Exodus is an easy to use wallet which is highly recommended for crypto beginners. This wallet appeals to investors by its minimalist design, multi-cryptocurrencies support, and user-friendly interface.

Exodus is one of the best software wallets for crypto newbies

Exodus integrates various security features to protect your assets, such as password, automatic locker after a certain period of time, and especially, the release hashes to verify the installer’s authenticity. Besides that, there is no registration required, so the service provider does not have any accessibility to your private keys and money. That’s why Exodus is one of the best software wallets.

Exodus is not only compatible with many operating systems, such as Mac, Linux, and Microsoft, but also developed to run in mobile platforms like iOS and Android. Users can sync the desktop and mobile wallets to optimize trading experiences in the cryptocurrency world.

#2: Electrum

Another name in the list of best software wallets is Electrum. Overall, Electrum is quite complicated to use, so it may not be the best choice for crypto staters. However, for someone who has already experienced in trading Bitcoin, you may find this wallet extremely useful thanks to its feature-rich, high speed and security.

Electrum becomes one of the best software wallets because of its feature-rich

One of the outstanding features of Electrum is to support Replace By Fee (RBF). Primarily, RBF is the action to replace an old unconfirmed transaction by a new one with a higher transaction fee, in order to reduce processing time. By doing so, Electrum allows users to customize the transaction fee and free their money from congestion quickly.

Apart from it, below are some of the other useful features that make Electrum one of the best software wallets in the market.

13-word passphrase: recovery function that regains your accessibility in the case of losing devices or having any damages to your computer

Multi-sig support: spending permission is divided equally into several wallets, therefore, multiple approvals are required to send out money.

Integration to various hardware wallets: Electrum can connect to other hardware wallets such as Ledger Nano or Trezor

#3: Jaxx Wallet

Jaxx is another name that can be missing in the list of best software wallets for desktop. Currently, Jaxx Wallet can support up to 80 cryptocurrencies including some of the most popular ones, such as Bitcoin, Ethereum, Litecoin, Dash and Bitcoin Cash.

The first upside that crypto traders can easily see of Jaxx Wallet is user-friendliness. This wallet is also highly recommended for crypto beginners because every function is intuitive with a single menu, and each cryptocurrency wallet is visible from the home screen; as well as clear labels for basics operations, like sending, receiving, or switching between wallets.

One of the unique features of Jaxx is the integration of ShapeShift which allows users trading cryptocurrencies instantly from inside the wallet. Besides that, Jaxx Wallet is among the very few crypto wallets in the market that allow users to conduct transactions anonymously. There is no requirement to provide any personal information to gain access to the wallet, therefore, users can totally protect their identity.

Mobile wallet

It is not surprising that mobile wallets are becoming increasingly popular in recent years. This type of wallet offers the highest level of convenience by operating through the app in your smartphones that you bring along every day and hour. You can either store your digital assets locally on your phone or putting them into an online storage server.

Despite concerns about low security, many investors believe that there is nothing better than being able to access the wallet on the go and make timely trades. Here are some best software wallets for mobile:

#4: Mycelium

Mycelium is one of the oldest and best software wallets on the market. The first advantage of this wallet is that Mycelium offers a wide range of accounts to create. Crypto users can open 5 types of accounts with different functions, such as HD account, Bit ID account, Single Address account, “Watch Only” account and Hardware account. Mycelium is pretty easy to use but not really friendly to newbies due to some complex features.

Another cool feature of this wallet is the ability to integrate with hardware wallets such as Trezor and Ledger; as well as Cashila, Glidera and Coinapult to support deposits and withdrawals. However, the cons of Mycelium is that it is not optimized for iOS as good as for Android. Many iOS users reported some problems such as missing features or slow processing time.

#5: Incognito Wallet

Incognito Wallet is an ideal choice for investors who seek to send and buy crypto anonymously. Besides all of the necessary features like other crypto wallets, Incognito Wallet has a special characteristic that differentiates itself from others, which is privacy-oriented.

Incognito is the best software wallet for investors to trade cryptocurrencies privately

This wallet provides a decentralized exchange that allows users to send and buy cryptocurrency in anonymity, with just a simple manipulation to switch from the original version to “incognito mode”. In this mode, virtual money is transferred to a separate blockchain instead of the public one and users can convert their coins into a privacy version at the rate 1:1. These allow users to trade cryptocurrency without disclosing their own data and information; as well as avoiding the involvement of the third party.

After completing private transactions, users can easily switch back to normal mode with a single tap. Another upside of Incognito is that this wallet is able to operate effectively in both iOS and Android platforms.

With all of those outstanding features, Incognito Wallet is believed to be one of the best software wallets in the crypto world, in terms of data security and privacy-first experience.

Privacy is becoming an ever more contentious issue in the crypto-verse, causing the community to keep seeking ‘How to use Bitcoin anonymously’.

If you ever Google ‘How to use Bitcoin anonymously’, this article is absolutely for you.

Why you should know ‘How to use Bitcoin anonymously’

As crypto enthusiasts push to broaden the adoption of Bitcoin and other digital assets, it pushes the watchdogs to implement KYC (Know-Your-Customer) and AML (Anti-Money-Laundering) regulations even more.

Of course, KYC and AML aim to protect users and their assets, but these regulations still have the downside.

The biggest problem is that they infringe on the ability to remain anonymous when buying and using Bitcoin (and Altcoins, too).

Although many believe that cryptocurrency is anonymous and is used on the dark market for money laundering, it is in fact pseudonymous. While you don’t use your real name to transact digital assets, it’s not a hard task to trace back your real identity.

Bitcoin is pseudonymous, not anonymous and that’s why you should look at ‘How to use Bitcoin anonymously’.

There are clues such as IP address, wallet address and the amount of Bitcoin transacted in and out of an address that can be linked to your bank account, and then your real-world life.

These are not just a few caveats. In the history of cryptocurrency existence, there are many cases where victims were attacked right at their homes as hackers figured out their real identities.

That’s why the cryptocurrency community is still looking for ways to use Bitcoin anonymously.

How to use Bitcoin anonymously #1 Tip: Buy and sell Bitcoin online with cash

While many KYC-required exchanges don’t accept fiat money, there are other Peer-to-peer (P2P) platforms that accept various payment methods. The most famous and long-live one is LocalBitcoins.com.

Advantages

Since 2012, LocalBitcoins has allowed users from over the world to buy and sell cryptocurrencies via Paypal, Visa/MasterCard or wire transfer. With this platform, you can search for partners in your area, make a deal on the price and then exchange money. This process is totally online, meaning you don’t need to meet your partner in place.

LocalBitcoins has a secure escrow service that holds Bitcoin from the seller until the buyer makes the payment. After the money is transacted, the coin is released to the buyer. This process not only protects both parties but also shields their identities.

Disadvantages

But the downside is that LocalBitcoins is not KYC-free anymore. You must upload and confirm your identity in order to prevent money laundering and protect your digital assets.

In this case, to remain the anonymity of Bitcoin transactions, you can use a nickname, private browsers such as Tor or Brave and a VPN when using this platform. These tools prevent prying eyes from tracking back to your real identity.

Another disadvantage is the price. The price of your Bitcoin varies from one seller to another because they must cover the fees of the platform. Sometimes, the price is higher than many other exchanges, marking it a worth-considered matter.

Since the pros and cons of buying and selling Bitcoin online, those who want to remain privacy have learned that buying face-to-face is more practical.

How to use Bitcoin anonymously #2 Tip: Buy Bitcoin face-to-face

In fact, this is the oldest way to buy and sell Bitcoin. Old but gold. Nowadays, we go back to the old-fashion to keep anonymity for Bitcoin transactions.

Exchanging Bitcoin face-to-pace is good but still not the best way.

Advantages

Clearly, the most benefit is that coins and cash are traded directly and privately. Only you and your partner know each other’s address and how much was paid.

If your partner is also a privacy enhancer, he keeps your secret. As a result, no one can figure out your transaction and backtrack your identity.

One more thing is the lower price. You both don’t need to pay fees for any third-party so that the price is more affordable.

Disadvantages

Unfortunately, this is not an optimized method. It’s really risky when you arrange a face-to-face deal with strangers. The good guys are out there but also the bad guys. There are scammers that can steal all your funds and also attack you physically.

To prevent this scenario, you should only purchase with an acquaintance. He can be your relative and neighbour who hold cryptocurrencies; or your good-relationship in the local crypto community.

Here this comes another problem. You are totally a new-coming who doesn’t know anyone but still wants to practice ‘How to use Bitcoin anonymously’? Let’s do it with a Bitcoin ATM.

How to use Bitcoin anonymously #3 Tip: Buy and sell Bitcoin through Bitcoin ATMs

Bitcoin ATMs are machines where you pay cash money in return to Bitcoin. Nowadays, these machines are located all over the world, enabling a convenient way to use Bitcoin anonymously.

Advantages

Use online maps to locate a Bitcoin ATM near your area. Then you can buy coins directly with fiat money through some simple steps. There are also two-way Bitcoin ATMs that allow you to sell Bitcoin for cash.

With this machine, you don’t need to deal with any person, protecting your digital assets from the bad guys.

Disadvantages

However, the anonymity of Bitcoin ATMs is still in question. Even with no-KYC ATM machines, you cannot completely keep your privacy. The ATM operators know your wallet address and there’s no guarantee that they won’t track back your origin.

With this in mind, you always need to create new addresses whenever making a transaction. If indeed, use a mixing service to mix and obscure your addresses. In this way, hackers hardly trace your transactions and as a result, you can stay anonymously.

Nonetheless, those methods cost money. You must pay a high fee for Bitcoin ATM purchasing, and another fee for the mixing service. If these fees never mind you, just go ahead.

But if you are concerned, let me introduce you to a totally free method on ‘how to use Bitcoin anonymously’.

How to use Bitcoin anonymously #4 Tip: Stay totally anonymous with Incognito Wallet

Right from its name, the Incognito Wallet provides users with an ‘Incognito Mode’ for their digital assets.

The Incognito Wallet is the ultimate way to remain anonymous for Bitcoin transactions.

Advantages

You can deposit Bitcoin to Incognito Wallet and turn on the Incognito Mode. In this way, your Bitcoin (BTC) is switched to privacy Bitcoin (pBTC) at the exactly 1:1 rate.

Privacy version coins can be transferred effortlessly without anyone knowing. Hence, no one knows your transactions, the amount involved or the addresses of the two parties.

Another thing is that the privacy version coins can be turned back to the origin whenever you want, just with one tab. And that’s all you need to do to send and buy crypto anonymously.

And surprisingly, you can explore all the awesome functions of this wallet with cost-free. Download Incognito Wallet for iOS and Android to self-experience the privacy-oriented wallet.

Disadvantages

The Incognito Wallet is not as popular as other common crypto wallets.

It’s not easy to persuade ones to switch from their own wallet to the Incognito Wallet. But once they use this wallet, they will realize Incognito is one of the best software wallets for privacy and never want to go back to the old one.

Our final thoughts regarding how to use Bitcoin anonymously

Clearly, using Bitcoin anonymously isn’t that simple, and it certainly doesn’t come for free. Besides the extra fees you need to pay for some services, you must also trade-off the convenience for anonymity.

Finally, learning about ‘How to use Bitcoin anonymously’ is not for bad purposes. Anonymity helps you self-protect not only your funds but also your real-world life. In the world of privacy, your information and personal data are the highest price.

Worrying about privacy and traceability when you cash out Bitcoin? Read this article and you will learn how to sell Bitcoin anonymously without anyone knowing.

Want to sell Bitcoin anonymously? Check out this article!

Why do you need to sell Bitcoin anonymously?

Although Bitcoin is more and more popular in the mainstream, there are myths about this kind of currency that are starting to broaden out; one of them is the anonymity of Bitcoin.

Bitcoin is pseudonymous, not anonymous

Bitcoin has the reputation of being an anonymous virtual currency, but that statement is not totally accurate. In fact, Bitcoin is more pseudonymous rather than anonymous.

Anyone can create a Bitcoin address (also known as a public key) on its public blockchain, then use it to send and receive Bitcoin effortlessly. However, once you appear on the blockchain, your footprint never fades.

A Bitcoin transaction, by design, is recorded eternally on the public ledger. That means every action you take is stored permanently and transparently. Everyone can see the balance of your address, the history of your transactions and your partners’ addresses involved.

In short, the public knows all the transactions you made, even if you, the address holder, are pseudonymous. This nature of Bitcoin makes it a transparent currency, but it doesn’t benefit your privacy at all.

Parties of a Bitcoin transaction are easily identified

When making a Bitcoin transaction, neither the sender nor the receiver needs to submit identity cards or other personal info. Nonetheless, there are many tools and techniques to identify the parties involved, including the IP address of the sender or the time-stamps. Especially these days, coins are marked by many entities, meaning your coins are easily linkable and trackable.

All Bitcoin transactions are recorded on a public ledger that everyone can access.

Normal people could not link these clues together, but the hackers and bad guys can. They may backtrace your transactions and figure out your real identity. In this case, not only your funds are at risk but also your real-world life.

Thus, if you don’t want to take these risks (believe me, you will never like it), you should learn how to sell Bitcoin anonymously and transact coins without anyone knowing.

The ultimate guide to how to sell Bitcoin anonymously

As previously explained, Bitcoin transactions are transparent, making it hard to transact coins without exposing your identity. It’s even easier to trace your transaction history when you use a KYC-exchange.

Hence, if you want to sell Bitcoin anonymously, the most important thing is to stay away from exchanges that require the KYC document.

There are other platforms and methods that provide anonymity for Bitcoin purchases and all listed below are the most suitable for you.

Method #1. In-person purchase to sell Bitcoin anonymously

Crypto exchanges are not the only way to buy and sell Bitcoin. In a very traditional way, you can find a buyer that lives near your area and make a deal face-to-face.

Face-to-face purchasing has both pros and cons.

The number of people that are willing to purchase will surprise you. Because it costs fees and time to trade on a crypto exchange or evenly they also want to protect their privacy, they turn to accept in-person purchasing.

The process is pretty easy. You can join some local community on Facebook, Telegram to seek buyers. After that, you two make an agreement on the price (which is usually lower than the exchange’s price), the place and the payment method. Then, you meet your partner person-to-person, send Bitcoin to him and take your payment.

It’s better when you actually know your partner, or in a good relationship with him. In this way, selling Bitcoin to friends and relatives is much safer.

Of course, the downside is that it’s a high risk when you make a deal with strangers. In this case, meeting a person without checking his credit or having some self-protection tips may be harmful. There is no guarantee that you will not be scammed by the bad guys.

In this way, a Bitcoin ATM is a more suitable method.

Method #2. Two-way Bitcoin ATM to sell Bitcoin for cash

Similar to a common ATM, Bitcoin ATMs are machines that accept cash and pay Bitcoin directly to your address. More conveniently, there are two-way Bitcoin ATMs that offer a way to sell Bitcoin for cash.

You can find a two-way Bitcoin ATM near your living area at Coin ATM Radar live map.

And this is the user manual:

You choose the withdraw cash option

You choose Bitcoin

You choose the amount you wish to withdraw

You send Bitcoin to the given address

And finally, collect your cash.

However, one of the most disappointing things is that there are fewer and fewer Bitcoin ATM machines that require no-KYC. Due to government regulations, many Bitcoin ATM providers must require some KYC documents from users. Thus, it’s harder for you to find a totally anonymous Bitcoin ATM nowadays.

Therefore, selling Bitcoin on a peer-to-peer exchange is the more advanced method.

Method #3. Sell Bitcoin anonymously on the Peer-to-Peer Exchange

A Peer-to-peer (P2P) exchange is the online marketplace that connects buyers and sellers all around the world. That means it plays a role as an intermediary between you and your partner.

LocalBitcoins.com, LocalCryptos.com, and Paxful are worth considering. These exchanges differ from in-person purchasing because of the credit rating. The platform opens for users to rate their partner, express their experiences, meaning the higher rating, the more trustworthy.

Additionally, you can be able to accept various payment methods on these platforms, including cash, PayPal, other cryptocurrencies and wire transfer. It provides you more convenience than the above methods.

Unfortunately, this convenience isn’t free. As a third-party, a P2P exchange takes fees as revenue. As a consequence, you may offer a higher price than usual. Even if you don’t mind this kind of fee, purchasing frequently may cost you a lot of money.

Of course, we must accept trade-offs in return for convenience. But there is another method which is not only free but also provides awesome features. Let me introduce you to the private crypto wallet.

Method #4. Private crypto wallet to sell Bitcoin anonymously

A private crypto wallet was born to provide anonymity and privacy for Bitcoin users. This kind of wallet helps you transact Bitcoin (and other assets) without anyone knowing.

Every private crypto wallet has its own techniques to obscure your transactions, some are advanced and others not. With no doubt, the Incognito Wallet is definitely one of the best private crypto wallet apps on the market.

Based on the idea of a sidechain for all blockchains, the Incognito Wallet gives you the easiest way to buy and sell Bitcoin anonymously.

Using smart contracts and trustless custodians, the wallet turns your coins into their privacy version and vice versa. For instance, your Bitcoin (BTC) can be switched to privacy Bitcoin (pBTC) at the rate of 1:1. Then you can easily receive and send Bitcoin anonymously, without anyone knowing your balance or your real identity.

Want to turn your coins back? Just one tap. And pBTC will be returned back to its origin effortlessly.

To sell Bitcoin anonymously, you can send pBTC to the buyer’s Incognito Wallet address and take your payment. In this way, no one will be able to trace back your transaction and find out who actually you are. As a result, your privacy is totally protected.

One more advantage is that the wallet is completely free. You don’t need to pay for any of its awesome features.

Conclusion on “How to sell Bitcoin anonymously”

The transparency and traceability of Bitcoin transactions are the motivations for the crypto community to seek ways to sell Bitcoin anonymously.

Once you find the most suitable method yourself, you will never want to sell Bitcoin in the traditional ways anymore. Some methods cost a fee, others do not. But your privacy is absolutely protected, and that’s the price to pay.

Privacy is one thing that all Bitcoin users are concerned about nowadays. If you’ve ever wondered how to send Bitcoin anonymously, this article is here to answer your question.

This article will guide to send bitcoin anonymously

Is Bitcoin private?

The answer is “No”. As an application of Blockchain, a technology that enhances transparency, Bitcoin doesn’t come with privacy or anonymity. Instead, all Bitcoin transactions are recorded on a public ledger and viewable to the whole network. Therefore, anyone can see the transacted amount and wallet addresses of the sender and recipient.

However, these transaction details don’t link to any real identity so they couldn’t reveal who the users are. That’s why Bitcoin is considered as pseudo-anonymity or pseudonymous.

Although personal information can’t be exposed through Bitcoin transactions, it is possible to track down the origin of these activities. When trading on licensed exchanges, users often have to provide information for KYC authentication, which will link their identity to Bitcoin addresses. If hackers attack these sites, they can also access the data stored.

For the above reasons, it is highly recommended that Bitcoin users seek ways to send Bitcoin anonymously.

Reasons to send bitcoin anonymously

Even though “anonymous crypto” is often associated with criminal activities, there are a number of legitimate reasons to keep your crypto transactions untraceable. Whether you’re an individual or an organization, it is beneficial to spend your assets without anyone knowing. Here are some advantages of anonymous Bitcoin transactions:

1. Security

As explained earlier, by design, all Bitcoin transactions are stored on a public ledger, which means anyone can see where your transactions go to and how much you hold in the account balance. If you don’t take any step to improve privacy, hackers can track the spending habits to get access to your funds. From there, they can even figure out who you are and steal your personal data. Therefore, to prevent your identity from being exploited, you need to know how to send bitcoin anonymously.

2. Business confidentiality

If you’re an employer, you may consider keeping your payment to employees private. By sending Bitcoin with anonymity, you can keep your company’s budgets and expenses details from disclosure. Also, when doing business, you might have a list of private partners and investors who don’t want their identity to be revealed. That’s when you have to seek privacy solutions like untraceable Bitcoin transactions.

3. Peace of mind

When you have the full control and ownership of your crypto asset, you don’t have to worry about your financial status being revealed. Another perk of sending bitcoin anonymously is that you can keep your transaction history totally private as there are many kinds of purchases you just want to keep for yourself, for example, a surprise gift for your loved one or special medical treatment.

So how can you make untraceable bitcoin transactions? Take a look at below methods!

Ultimate ways to send bitcoin anonymously

As privacy becomes more and more crucial to individuals and organizations, private transaction methods also emerge. For cryptocurrency and especially Bitcoin, it’s not difficult to look up the term “send bitcoin anonymously” on Google and find out numerous ways to transact with anonymity. However, each method has its own pros and cons so you’d better research carefully before giving it a try.

There are various ways to stay anonymous when sending bitcoin

1. Bitcoin Mixing

Bitcoin mixing, known as coin tumbling or laundering, is a process that tries to break the connection between sender and recipient’s addresses. The process goes through a couple of steps:

Step 1: You submit the amount of coin you want to be tumbled.

Step 2: The laundering service will mix it up with someone else’s cryptocurrency to release a fresh batch of coins under a new address.

If done properly, this method can make your transaction almost impossible to trace and you don’t have to leave any personal information at all. There are solid options for Bitcoin mixing on the market such as Smart Mixer, Wasabi Wallet and Samourai Whirlpool. To ensure you’re completely anonymous, remember to access these services with an encrypted VPN and private browsers like Tor or Brave.

If you’re an experienced crypto user, you can try coin tumbling to send bitcoin anonymously!

2. Using a new Bitcoin address every single time

You can break the link between the sender and recipient’s addresses by using a new address whenever making a Bitcoin transaction. With this method, hackers cannot trace your spending pattern and find out your original address. Therefore, your identity will be masked. Moreover, as your fund is divided into small portions and stored in different places, no one can calculate how much you actually have in your account.

Some digital wallets such as Trust Wallet, Cobo Wallet and Blockchain Wallet allow you to generate as many addresses as you want. However, this method is not easy for beginners because you have to manage all the addresses and their private keys.

3. Privacy wallets

This term has yet to become familiar with mainstream users, however, private crypto wallets appear to be a superior solution to untraceable Bitcoin transactions. Similar to normal Bitcoin storages, these wallets allow users to send, receive and store crypto assets. Moreover, they integrate privacy features to keep transactions from being tracked.

If you need to send bitcoin anonymously and effortlessly on a daily basis, the options below are what you’re looking for.

Incognito Wallet

Despite being a new name in the crypto sphere, Incognito Wallet is up on the list of best privacy wallets. If you’re looking to send and buy crypto anonymously, this app is highly recommended for you.

Incognito allows you to store, receive and send bitcoin anonymously

With a built-in “incognito” mode, you can turn any cryptocurrency of your choice, including Bitcoin, into its privacy version and shield your funds from public exposure. Then, you can spend or sell bitcoin anonymously.

As a sidechain for privacy coins, Incognito connects with Bitcoin blockchain via a trustless portal. Using smart contracts and trustless custodians, Incognito allow users to obtain privacy bitcoins (and other cryptocurrencies) issued at a rate of 1:1. When you need to switch these privacy coins to normal, you can do it easily without involving any third party.

Paper wallet

A paper wallet is a perfect option for gifting. It is basically a piece of paper that has your Bitcoin address and private key printed out. Whenever making a transaction, you will need to scan the QR-codes and add the keys to a software wallet. Paper wallets can be generated for free using an online service like Bitcoinpaperwallet.com.

So how paper wallet helps you send bitcoin anonymously? The main purpose of paper wallet is to keep your assets offline and away from the chaotic Internet as it is created uniquely and doesn’t contain your identity. Therefore, if you insert the private key to a digital wallet and make a transaction, it’s almost impossible to track down the origin. Furthermore, if you give this document in-person to someone, no one except you and the recipient could know about the fund.

Electrum

Electrum is known as the oldest and most established bitcoin wallet on the market. It is a software wallet that is available for Windows, iOS and Linux.

Use Electrum with Tails system to keep your transactions untraceable

Electrum is well-recognised by its high-security feature. The wallet gives you a password seed which helps recover your assets once the private key is lost. You also have full ownership of your funds and keys since Electrum is a self-hosted wallet.

When operating on Tails system, Electrum allows users to keep their transactions anonymous. According to the development team, Tails works as a live system to preserve users’ privacy and anonymity. It helps you to censor personal data whenever using the Internet unless you turn it off.

If you prefer an option to send bitcoin anonymously for desktops, Electrum might be a solid choice.

Final thoughts

As you’ve learnt various ways to send bitcoin anonymously, try to take advantage of them and you’ll see how Bitcoin lives up to its potential. You may have different purposes when seeking a solution to untraceable bitcoin transfer but high privacy and convenience should be the top priorities. Whether you want to keep all your transactions private or not, Incognito Wallet is a useful app for your everyday use.

Choosing a good crypto wallet to store digital assets in is never an easy task. This article will help you figure out the best cryptocurrency wallet for you.

You can find the best cryptocurrency wallet for you in this article.

How does a cryptocurrency wallet work?

Like all the currencies in the world, cryptocurrencies need a reliable vault to be stored in. While we use a wallet to store paper money, a cryptocurrency wallet is needed in the case of digital assets.

In short, a cryptocurrency wallet works as an online portal between you and your coins and has two elements: a public key and a private key. If you think of your cryptocurrency wallet as being similar to your bank account, then your public key is the account number, while the private key would be your PIN.

Every public key requires a private key for access and must be entered when the key owner wants to manage, send and receive their digital assets. For this reason, you must keep your private key confidential and if anyone else knows what it is, your assets are at risk.

Types of cryptocurrency wallets

You cannot choose the best cryptocurrency wallet for you until you know the different types of wallets. Basically, there are many different classifications of wallet and this list covers the main ones.

Cold Wallets (Offline Wallets)

Cold wallets are a means of storing your private key completely offline. These are paper or hardware devices like password-protected USB or encrypted cold storage devices.

Basically, your private key is kept far away from the internet, so it’s hard for hackers to attack your funds. However, cold wallets are not as convenient as the other kinds of cryptocurrency wallet mentioned below.

Hot wallets (Online Wallets)

Contrary to cold wallets, hot wallets are software applications installed on devices such as desktops, mobile phones, or tablets.

Hot wallets require an Internet connection to access your funds, which is why they’re also known as online wallets.

This type of cryptocurrency wallet has various sub-categories, including desktop wallets, web wallets, and mobile wallets.

Exchange-based wallets

Exchange wallets are preferred by those who want to trade coins frequently, as storing coins directly on the trading platform helps to shorten your trading time. This is because with an exchange wallet, you don’t need to wait for confirmation when sending crypto assets from another wallet to the exchange.

One downside, however, is that you cannot keep your private key – it’s stored by the exchange – meaning that it’s not a fully-protected wallet.

Every type of crypto wallet has pros and cons, so generally speaking, you might say that there is no ‘best’ cryptocurrency wallet. However, you can choose the best fit for you based on your evaluation criteria.

How to choose the best cryptocurrency wallet

Some crypto wallets were created for convenient daily use, including the ability to pay for goods and services. Others are optimized to provide secure protection for digital assets.

Everyone has their own evaluation criteria for choosing the best cryptocurrency wallet.

Before choosing the best cryptocurrency wallet for you, you should consider how you intend to use it. Let’s figure that out by answering these questions:

Holding or trading?

If you just want to ‘hold to die’ or make some long-term investments, an Offline Wallet is the best choice.

On the other hand, if you need a wallet for frequent trading, you should consider an exchange-based wallet or an in-app trading crypto wallet app.

Security or convenience?

An exchange-based wallet is good for trading, but not suitable for privacy preservation. If you want to completely control your funds, an Offline Wallet such as a hardware device or paper wallet is worth considering.

The top 5 best cryptocurrency wallets in 2020

After considering the variations of digital wallets carefully and making your choice, it’s time to move on to the top 5 best cryptocurrency wallets in 2020 and beyond.

Functioning as a sidechain for all the blockchains, The Incognito Wallet connects to public blockchains via a trustless portal. Then, users can issue a privacy version of their favourite cryptocurrencies at the rate of 1:1 on the Incognito Blockchain. As a result, you can send and buy crypto anonymously without any third party involved.

After using it for private transactions, you can switch it back to the original version just with a single tap. And that’s all the steps you need to do to send Bitcoin anonymously.

The Incognito Wallet is the best one to send Bitcoin anonymously.

When you turn the “Incognito mode” on, no one can see your balance or the details involved in a single transaction. With all its awesome features, The Incognito Wallet is one of the best cryptocurrency wallets in 2020 and beyond.

Ledger Nano X is one of the best cryptocurrency wallets in the form of cold wallets. The wallet can store up to 100 types of coins at the same time, including Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar and many more.

This device combines ease-of-use and flexibility while ensuring the highest standard of crypto security. Moreover, you can connect Ledger Nano X to any iOS or Android device via Bluetooth connectivity.

Trust Wallet is one of the best cryptocurrency wallets that enable you to explore the colourful variety of the crypto-verse.

This is a hot wallet app installed on your mobile phone, giving you access to your funds at any time with an Internet connection.

This multi-functional wallet provides you with staking coins, instant trading and dApp browser. One more benefit is that the wallet provider is Binance, which is considered as one of the most popular exchanges in the world.

Best cryptocurrency wallet #4: Coinbase Wallet for US citizens

Coinbase is not only one of the top-ranked crypto exchanges, but also a trustful online wallet.

You can access this wallet via your smartphone or web browser. It is highly secure and easy to use. Moreover, if you’re a US citizen, you can connect the wallet to your bank account to buy and sell coins directly. This is one of the rarest features of a cryptocurrency wallet.

However, users need to pass identity verification as well as verify bank account information. This means you must trade-off your privacy and the US government may know your identity.

It’s not really harmful at all. But if you ever try the anonymous crypto wallet like The Incognito Wallet, it’s not ideal to risk your privacy.

Best cryptocurrency wallet #5: Jaxx Wallet for desktops

Jaxx Wallet can be accessed via desktops, mobiles, and web browsers. The installation process for the PC is the most convenient one, making it the best cryptocurrency wallet for the desktop version.

With this wallet, the ownership of the private key is yours, meaning you can totally control your funds. Moreover, as other hot wallets, Jaxx supports a fairly large number of cryptocurrencies.

Another fantastic advantage of the Jaxx Wallet is that it has an internal exchange. Thus, you can trade your coins instantly and directly in the wallet without an exchange account.

Best cryptocurrency wallets: Other top picks

Trezor Wallet

The Trezor wallet is the most worth considering hardware wallet nowadays. Being the closest competitor of Ledger in many years, Trezor has its own reputation and fans.

Kindly similar to a Ledger Wallet, Trezor is easy to use and multi-coins supported. One downside is that it’s more expensive than other types of crypto wallets.

Bitcoinpaperwallet.com Paper Wallet

A paper wallet is basically a paper that contains your public and private key printed out in the form of a QR code.

There are many paper wallet generators but Bitcoinpaperwallet.com is the most worth considering. On this site, you can use a tamper-proof design or holographic labels to add an extra layer to secure your wallet.

However, you must keep your paper wallet in a safe place. If it’s lost or stolen, your funds are hardly recovered.

Conclusion on “Top 5 best cryptocurrency wallets in 2020”

The list of best cryptocurrency wallets is not permanent forever. There are the rising ones and others may go away. Therefore, you should keep looking for the best cryptocurrency wallet on your own evaluation criteria, and you will find the best fit.

One more thing is that self-protection is never outdated in the world of privacy-preservation these days.

Here you will learn about the best privacy wallets to secure your crypto assets and personal data. A privacy-preserving wallet is key to crypto protection.

You should use a privacy wallet to protect your crypto funds.

Why do you need a privacy wallet?

These days, outsiders and mainstream media still believe that Bitcoin is the currency for illegal activities such as trading prohibited goods or money laundering. However, it’s far from the truth.

Bitcoin, by design, is totally publicized, meaning that all the transactions are recorded on a public ledger. Everyone can access the Bitcoin blockchain, check a single address and acknowledge the details involved such as how much Bitcoin is holding, or its related addresses.

In fact, Bitcoin transparency isn’t so bad at all. However, due to this nature, there is no surefire way to remain 100% privacy for your crypto assets.

Meanwhile, privacy is the most worth-concerned issue in crypto-verse. We shouldn’t risk our information on the chaotic Internet, whereas hackers and the bad guys are too rife. That’s the reason why you need to optimize privacy protection for your Bitcoin and other crypto-assets.

A good approach is by picking a good and suitable privacy wallet to store your digital coins.

So let’s start the list of 5 best privacy wallets on the market recently.

Best privacy wallets to protect your crypto-assets

The Incognito Wallet is based exactly on the idea of a privacy-oriented crypto wallet. This wallet provides you the simplest way to send and buy crypto anonymously.

Incognito Wallet is definitely the best privacy wallet that you are looking for.Here you will learn about the best privacy wallets to secure your crypto assets and personal data. A privacy-preserving wallet is the key for crypto protection.

All you need to do is a tab to switch your coins into their privacy version with the conversion rate exactly at 1:1. After that, you can freely send it to other addresses without anyone knowing. And finally, just another tab to turn it back to the original one.

In short, when you turn on “Incognito mode” for your digital assets, no one can figure out your balance or the details involved in your transactions. It marks Incognito Wallet the best privacy wallet existing on the market.

Besides, this wallet has all the favorite functions of a common cryptocurrency wallet. You can stake your coins, trade on a totally decentralized exchange and explore interesting privacy-oriented DApps (decentralized applications).

You can find other awesome features yourself by downloading The Incognito Wallet for Android or iOS. It’s totally free, meaning there’s no cost involved in-app.

2. Samourai Wallet – A good privacy wallet for Android users

The Samourai Wallet aims to offer better privacy and anonymity for Bitcoin transactions. This wallet helps you to protect crypto funds via an application installed in Android mobile phones.

Samourai Wallet is one of the best privacy wallets that you should try.

Started the project from 2015, The Samourai Wallet team introduces itself as:

“We are privacy activists who have dedicated our lives to creating the software that Silicon Valley will never build, the regulators will never allow, and the VC’s will never invest in. We build the software that Bitcoin deserves.”

This wallet has some surprising features, including:

New addresses whenever you make a Bitcoin transaction

Run your own full-node Bitcoin wallet

High-security methods to protect your funds such as cold storage

However, one of its cons is that Samourai Wallet is just available for Android users. There’s no version for iOS or other Internet-connection devices.

3. Electrum Wallet – A desktop privacy wallet to protect crypto funds

Although there are mobile versions, Electrum Wallet is the most popular for its desktop software. It’s one of the oldest Bitcoin wallets on the market and has soon become a privacy-oriented crypto wallet.

To enable “privacy mode”, you must use the Electrum Wallet on the Tails Operating System (OS). What is Tails? Let’s figure out through their own words:

“Tails is a live system that aims to preserve your privacy and anonymity. It helps you to use the Internet anonymously and circumvent censorship almost anywhere you go and on any computer but leaving no trace unless you ask it to explicitly.”

With all of this in mind, Electrum Wallet is worth trying if you want a privacy wallet for your laptop or PC. However, it’s more suitable for tech-savvy rather than beginners.

Rahakott Wallet is a web-based multi-currency wallet that helps you to remain private while transacting your coins.

The wallet makes it almost impossible to track your transactions thanks to a built-in mixer tool. In addition, Rahakott Wallet generates a new address for each transaction, which significantly increases the privacy and anonymity of users.

Besides, you don’t need an email, password and phone number to sign up. Only a mnemonic phrase and 2FA are used, meaning it pointless for hackers to steal users’ info.

Currently, the wallet supports BTC, BCH, LTC, XMR, ZEC, DASH, and other popular cryptocurrencies. You can find more functions by creating your own wallet, which takes just 20 seconds.

“Your key, your Bitcoin” is never an old-time statement. Instead of using a third-party provider to store Bitcoin, you can keep it for yourself with a paper wallet.

Just print your wallet address on the paper and you’ll have a paper wallet.

Bitcoinpaperwallet.com helps you to generate key and print paper wallets. You have some options to use hologram stickers or techniques that prevent fading or replaced. You need to pay for these advances, but it’s worth considering, isn’t it?

After having a paper wallet, all you need to do is keep it in a safe place that no one can access. As a result, your Bitcoin assets are totally privacy-protected and you never mind forgetting your private key.

Although Bitcoinpaperwallet.com is popular, there are other paper wallet generators that you should take a look at, including Paperwallet.com and Walletgenerator.net.

6. Other top-pick privacy wallets to secure your finance

To meet the need of privacy-preserving of the crypto community, many projects have surfaced over the years. Thus, clearly that the market has not only 5 best privacy crypto wallets. In fact, there’re many options to choose from, depending on your criteria.

Ledger Nano S is the best cryptocurrency wallet in the form of a hardware device. This wallet keeps digital assets far away from the Internet, enabling total privacy for your crypto funds.

Guarda Wallet is a cross-platform crypto wallet that supports over 45 cryptocurrencies and thousands of tokens. It’s a non-custodial wallet known for a user-friendly and clean interface. In short, Guarda is suitable for beginners who are looking for ways to increase privacy for crypto transactions.

After choosing your own privacy wallet, you should take a look at some privacy precautions.

Privacy precautions to better protect your crypto funds

Do not store your coins on exchanges. Because you can’t own your private key along with the exchange-based wallets.

Do not publicize your wallet addresses on social media without a very good reason.

Always use a new address when making a transaction. For this reason, many wallets listed above provide this function.

Understanding why you need a privacy wallet and always use it to store your coins.

Use a privacy web browser such as Tor, DuckDuckGo or Brave Blockchain to hide your browsing history. It’s also a good way to obscure all your sensitive information like passwords, private keys, credit card details.

You should always buy and sell cryptocurrencies with cash payments. Cash is one of the most hard-tracking assets in the world, meaning that it will help to protect your transaction details.

Closing thoughts on “Privacy wallet”

Privacy is never an outdated issue. Whoever you are, a beginner has just entered the crypto-sphere or an experienced user, you should learn about privacy wallets and ways to provide anonymity for your assets.

Finally, choosing the best privacy wallet is the fastest way that brings you to the crypto-verse with high-level privacy.

Privacy Coins have surfaced since the crypto community looked for ways to send coins privately. This article will show you the list of best Privacy Coins.

This article shows you the list of the best privacy coins.

Why do you need a Privacy Coin?

The public blockchain, with Bitcoin as an example, has a public ledger that records all the transactions made on its network. That means everyone can access the blockchain, track any transaction and details involved.

Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts. That technique makes XMR transactions confidential and untraceable.

Besides, Monero has a strong brand-name and good marketing team to make it more and more popular. The community of this project is very strong, spreading all over the world. You can easily find an XMR holder in your living area and make a transaction with him.

However, because of its anonymity, Monero is frequently used on the dark market for dark purposes. This harms the project’s reputation and as a result, XMR is a target of the authorities all over the world.

Who should use Privacy Coins?

If you are concerned about your privacy, crypto assets and further, your real-life safety, you should learn about ways to protect your transactions.

As previously mentioned, it’s a super high risk when you just transact digital coins without wondering about its anonymity. Your funds are targeted by prying eyes, your financial status is revealed as well.

Privacy coins delete all these risks. This kind of cryptocurrency turns on a ‘protection mode’ for your assets so that you no longer need to worry about any security threats.

After understanding why you should use privacy coins, let’s move the list of the best privacy coins nowadays.

Top 5 Best Privacy Coins in 2020 and beyond

The cryptocurrency community has never been as concerned about the privacy issue as it is now. Thus, a number of privacy-oriented projects are in great demand. Come with both pros and cons, these are the best privacy coins in 2020 and beyond.

Best Privacy Coins #1: Monero (XMR)

Old but gold. Monero (XMR) is considered one of the best privacy coins on the market currently.

Monero (XMR) has long been the best privacy coin on the market.

Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts. That technique makes XMR transactions confidential and untraceable.

Besides, Monero has a strong brand-name and good marketing team to make it more and more popular. The community of this project is very strong, spreading all over the world. You can easily find an XMR holder in your living area and make a transaction with him.

However, because of its anonymity, Monero is frequently used on the dark market for dark purposes. This harms the project’s reputation and as a result, XMR is a target of the authorities all over the world.

Best Privacy Coins #2: Dash (DASH)

Being a fork of Bitcoin, which has a transparent blockchain, Dash isn’t a fully privacy coin. Instead, it offers privacy protection for transactions as an option for users.

As usual, you can check addresses and transactions on Dash blockchain. But you have an option to use the PrivateSend feature to obscure transaction details. This interesting feature marks Dash on the list of the best privacy coins.

Moreover, when you send a coin, your coin is mixed with other coins that are sent on the network. Hence, no one can trace your Dash payment or figure out how much was sent. Resultantly, your financial status is fully preserved.

Unfortunately, one of its cons is that Dash is used as a payment method on the dark market. Thus, similar to Monero, this project isn’t favored by many governments.

Best Privacy Coins #3: Zcash (ZEC)

As Bitcoin transparency challenges modern notions of privacy, many projects aim to be an alternative to Bitcoin in the privacy version.

And that’s exactly what Zcash is. This project describes itself as:

“Like Bitcoin, Zcash transaction data is posted to a public blockchain; but unlike Bitcoin, Zcash ensures your personal and transaction data remain completely confidential. Zero-knowledge proofs allow transactions to be verified without revealing the sender, receiver or transaction amount. Selective disclosure features within Zcash allow a user to share some transaction details, for purposes of compliance or audit.”

This semi-transparency mechanism makes Zcash one of the best privacy coins exiting on the market. However, users can not have full-control privacy when they transact ZEC on KYC exchanges. Because exchanges that require KYC evidence don’t support private transactions. Like it or not, you have to use Zcash transparently.

Best Privacy Coins #4: Verge (XVG)

Verge uses the Tor IP Anonymizer to make transactions while still maintaining the anonymity. The underlying technique of Verge provides users to transact digital coins both through public and private blockchains. This is why Verge is usually placed in the list of best privacy coins.

Being a ‘well-recognized’ project, Verge aims to be s digital currency designed for everyday use. Verge makes it possible to engage in direct transactions quickly, efficiently and securely.

Best Privacy Coins #5: Grin (GIN)

Launched in January 2019, the Grin project is built on the Mimblewimble protocol, one of the most innovative technologies in the privacy-verse. This brings Grin to stand in the ranks of the best privacy coins.

Grin is an interesting privacy coin implemented on Mimblewimble protocol.

Grin describes itself as below:

“Grin has no amounts and no addresses. Transactions can be trivially aggregated. To hide the origin of a newly created transaction, it gets relayed among a subset of peers before it is widely broadcasted.”

Along with Beam (BEAM), which is also built on Mimblewimble protocol, Grin has become an emerging and potential project that helps to obscure the sender’s transactions.

Is the Privacy Coin the best way to send crypto confidentially?

Despite all of the advantages, privacy coins are not the best way to send crypto confidentially. Let’s take a look at an example below.

Saying you have 1 BTC and want to send it to Mike without anyone knowing. Then you have to use BTC to buy XMR (or DASH, XVG or other privacy coins) at the current market price, which is volatile every single minute. After that, you send XMR to Mike confidentially. Finally, Mike has to trade XMR to BTC at a different market price, meaning that Mike can’t own the exact 1 BTC.

This process also takes a lot of time and procedure for both you and Mike. Moreover, sometimes no one is willing to trade BTC/XMR with you and you have no way except trade it on a crypto exchange.

With all this in mind, you should better be looking for other ways to send and receive coins privately.

The Incognito Wallet is the perfect way to send crypto confidentially.

Incognito is designed as a sidechain for all the blockchains, which connects to Bitcoin, Ethereum or Binance Chain via a trustless portal. Thanks to this technique, you can turn any cryptocurrency of your choice into its privacy version. Let’s continue the aforementioned example:

Saying you have 1 BTC and want to send it to Mike without anyone knowing. You can use the Incognito Wallet to switch Bitcoin into private Bitcoin (pBTC) at the rate of 1:1. After that, all you need to do is to send pBTC to Mike’s wallet address. Finally, Mike receives 1 pBTC and turns it back to 1 BTC originally.

Especially, you can process all of those actions without any cost. The Incognito Wallet is totally free and available on both Android and iOS.

Closing thought on “Best privacy coins”

Privacy coins are one of the most controversial topics in the crypto-sphere. Many argue best privacy coins are the most useful tool for money laundering, others praise its role for privacy rights.

But one thing we can agree is that privacy coins need to improve constantly, as there are many potential competitors such as The Incognito Wallet. The more it keeps developing, the more market share it gains.